[ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a pferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. is next. have a great weekend. david: see ya. melissa: i'm melissa francis and here's what's "money" tonight. our special series, oil's dire straight continues. tonight the extraordinary cost of defending the strait of hormuz. we put a price tag on this. we get analysis from a reknowned naval analyst. august's jobs report was a disaster or was it. peter morici is here to fight it out. arctic ice pack decreases to smallest amount in history. does that open oil reserves?

the race is on to control new energy resources. we have all the details. even when they say it's not it is always about "money" melissa: first let's take a look at the day's market headlines. disappointing august jobs report sucks the air out of yesterday's big rally. stocks still ending the day slightly to the upside. s&p five at the highest level since january 2008. blue-chips advanced 14 points. all of that sending gold prices surging more than 2%. news fueling speculation over new stimulus measures from the fed. here comes money printing. gold settled at 1740.50 an ounce. that is the highest close since late february. shares of intel humbled more than 3%. computer ship giant slashed third quarter outlook an weakening demand.

the latest sign consumers move away from personal computers into the market for tablets and smartphones. now to our top story tonight. part 5 in our special series, oil's dire strait. all week we've been covering how our military protects the global oil supply flowing through the strait of hormuz every day from the cost of danger. while i was in bahrain i was lucky enough to be invited to spend a night on board the uss enterprises fifth fleet which is to be decommissioned later this fall. is the face of the military changing in terms of as you see this tremendous ship retired and we hear more and more about drones, and about, you know, unmanned missions? you hear more about technological attacks. is the face of the military changing? >> i've been doing a long time. 30 years. in fact my first deployment was on the uss midway right where we are right here. i was flying in an f 4

phantom. you look at these f 1 superhornets i think -- f-18 superhornet. the technology has really increased. yes we do have things that fly around don't necessarily have a man or a woman in it. so as the technology improved i think we have to be very cautious to not say that everything is being run by technology because the man in the loop is still the ultimate decisionmaker. that's still true today. i mean eventually we'll go to where there will be more things flying in the air that don't have people in them. likely will see aircraft flying off the flight deck of an aircraft carrier that don't have a pilot in them. that doesn't take anything away from the man in the loop, whether that person is in the cockpit, outside the cockpit. the man is still the decisionmaker. melissa: does it save more american lives that way, put fewer lives at risk? >> depends. dedepend on mission you're doing.

there is still something to be said about the human resolve of putting man into armed conflict when directed. so i think for those of us that are out here on the cutting-edge we don't lose that perspective. melissa: joining me now is chris harmer, senior naval analyst at the institute for the study of war. he also served in the u.s. navy as deputy director of major operations for the fifth fleet. chris, thank you so much for joining me. this is a vessel with just a ton of history. was firsted used in 1962 in the cuban missile crisis blockade in cuba. since then it traveled to conflict regions around the world. became a movie star in its own right. how special is this aircraft carrier. >> melissa, thank you for having me. appreciate the opportunity to be speaking with you this evening. enterprise is the oldest aircraft carrier why in the navy it. it is a special ship a lot of us are sad to see the enterprise go but she served the nation well.

as an economist i think you appreciate the fact we've gotten 50 years of use out of this ship. so whatever the taxpayers paid for it in 1961 it was commissioned in 1962 and it served faithfully for 50 years. i think it is a great ship and i'm glad you had the opportunity to go aboard. melissa: it is really amazing. of course cost billions. and think at the time there were plans for many, many more but the overruns on this one was so high, that they didn't end up doing a lot more exactly like this, isn't that true? it is run by nuclear power? i think it has eight reactors on board. it is sort of a one-of-a-kind? >> yes, melissa, it is one-of-a-kind. that is why the ship cost so much back then it was the first nuclear powered aircraft carrier in the world and built with eight nuclear reactors. because the technology was so new, because the shipyard workers weren't exactly sure how to build it was one-of-a-kind ship. so after the enterprise was built the navy went back to building steam powered ships, oil fired ships.

so the next three or four aircraft carriers were conventionally powered. took the navy 10 years to figure out exactly how to do nuclear power for aircraft carriers. since that time all aircraft carriers have been built with nuclear power plants. all of the aircraft carriers we have today are nuclear powered and we will probably never see a conventionally powered ship again of that size. melissa: it is a historic vessel. it is a love of fun. we were joking we left this was "top gun." we didn't realize it was "top gun." we went to the place where tom cruise through the dog tags overboard and buzzed tower. it was in "the runt for red october". it is historic but now out of date. what is different from the newer aircraft carriers. >> the newer aircraft carriers save a lot of money using streamlined power production. you have a much longer lifespan out of the new nuclear carriers in terms of the nuclear core. the greatest expense that the navy incurs in any ship is the manpower costs. as an economist i'm sure you

see plenty of industries that have gotten more efficient and more productive. the navy is trying to follow that. the newest air craft carriers will have 15 to 20% fewer sailors on board than the older aircraft carriers do. so the increase in automated technology makes the new ships more efficient and requires less manpower, which saves a taxpayer money over the life of the ship. melissa: how much could it possibly save? we were trying to put together the numbers what exactly this cost and it was hard to sort of get them. we had our brain room working on it. the best we come up with in 2004 maintaining the carrier strike group, whole strike group was 2.2 dal billion. does that sound right to you? that was in 2004. what does it cost to keep something like this going? >> you know, melissa, it is almost impossible to get a very specific number because you're amortizing the cost over 50 years. for example the enterprise was very expensive when it was built. melissa: this is cost of maintaining is 2.2 billion.

i know fixed cost what you put into build it is one thing. talking about keeping the group going. there are 15% fewer people on board. that is some kind of a savings but not that much of a savings. what does it cost us annually do you think? >> i think $2.2 billion per carrier strike group is probably a reasonable figure for what each of the 11 carrier strike groups that the navy has costs the taxpayer. melissa: do you think it is worth it when you look at everything they're doing? it is hard to put a price tag on freedom, you have to say that up front. at the same time we have limited military resources. it is not endless. you have to decide where it's going to go. this particular group was number one, keeping the strait of hormuz open. they're keeping iranians in check whether they want to say it that way or not. they're also while i was there going out and flying missions over afghanistan. they would take off every hour and a half in these groups, fly over afghanistan and support our troops on the ground. whether that was verbally from the air or whether they

were, you know, firing to the ground or whether, you know they were setting off bombs, they were supporting people on the ground in afghanistan and then coming back to this aircraft carrier. how essential is this and, is it worth the money? >> he will well, melissa you touched on a couple of great points there and i would like to give you a historic reference which was henry kissinger used to say the first question in a crisis is, where are the aircraft carriers? the reason that question is asked, aircraft carriers are sovereign american territory. we have forces stationed in the middle east in many of the countries because we always have to coordinate with those governments what military actions we take the real advantage of a aircraft carrier it is able to move wherever it wants and do whatever it wants without permission from a third country. the president and national command authority love to have aircraft carriers because they are flexible and can respond to emerging crises without coordination with countries that may not

support our foreign policy and security goals. melissa: that's a great point. even when they were out there they replenish the ship by bringing another ship next door to it and fuel and supplies and jet fuel for that very point that you made so they don't have to go into port with a country that may or may not want them. they can stay on the seas. thank you very much for your perspective. we appreciate your time. >> thank you, melissa. a pleasure to be with you. melissa: so the job market hole is just getting deeper but the white house says we're moving in the right direction. maybe time to put down the shovel. we have economists that debate it. that is coming up next. plus president obama and mitt romney race out of the gate in their final election sprint. both men face major hurdles in their path. rnc chairman reince priebus will join us. that is coming up. more money straight ahead. ♪ ally bank.

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♪ . melissa: to quote mitt romney if last night was the party this morning it was the hangover. that is what romney's reaction was to the dismal jobs report released today. in fact the democrats came

off the high of the dnc last night to a little dose of reality. while the august numbers showed the unemployment rate dropped 8.1%, the number of jobs added was only a weak 96,000. this is the worst part, actually the reason why we saw that unemployment rate drop was because the labor force participation rate sunk to 63.5%. that is the lowest rate since 1981. it means that people have given up and just stopped looking for work. for a spirited debate i'm joined by peter morici, economist and professor at university of maryland. and tamara drought, vice president of policy research at demos. thanks so both of you for joining us. tamara, i will start with you. do you want to try to put a positive spin on the jobs number? >> you know, i think the jobs numbers today, nobody is really that happen with it. it is great that it is positive. it continues the 30 months we've had of positive job growth but it is not enough. and you know, i think one of

the most frustrating things about where we're at right now we have a lot of tools at our disposal that we're choosing not to use. there has been so much obstruction by the congress, if we had passed the president's jobs bill a year ago when he proposed it, we could have two million more people working today than we do. so it's frustrating. and he laid out the plan last night as well. melissa: peter, do you agree with that math? if we spent more money would we have two million more people? we run up the national debt by $6 trillion during this administration. >> the question is,. melissa: go ahead. >> question how much do we want to borrow from the chinese. do we want to ask your ourselves $2 trillion deficits year after year to sustain full employment? we need to fire up the private sector which is what ronald reagan did. president said he had the deepest hole since the great depression. that is absolute nonsense.

when reagan took over, peaked at 10% not 8% by mr. obama. he essentially got the private sector working for him. mr. obama doesn't believe in the private sector. that is why he keeps coming up with spend more money. stateist solution. >> tamara we spent more money than we ever have before in history to try to recover from this and we had the slow of the recovery ever so i don't know how we spend more money is the problem. >> couple things. this is the deepest economic collapse we've had since the great depression. yes, we have spent a lot of money and that money paid off. we saved at least three or four million jobs and created jobs. so that is important. but it wasn't enough. the reality is peter is exactly right we need to get the private sector going. what is holding the private sector back, every survey of private sector ceos, small business owners shows this, they don't have enough customers. and the only way to get them more customers for their goods and services is to get people back to work and

spend money so that they have a it to spend at businesses. it is pretty straightforward. melissa: yeah. >> it is what we need to do. what we've always done to get a real job-driven recovery going. melissa: yeah, peter i thought she was going to say that we need to spend more money to have the government buy stuff but she said we need to get people back to work so they could go buy stuff a little birth of a circular argument. how do we get people back to work? the government tried it. seems like the private sector needs to do it. how do you do that? >> well economists agree there is not enough demand and one of the biggest holes of demand in america today is the huge trade deficit, $600 billion. half of it with china and half of it with oil. the president shut down the development of virtually all offshore oil. we have some onshore development but if we opened that back up again, you know, instead of importing eight million barrels a day from the middle east and other place it is would be four million barrels a day. that would translate into easily 2 1/2 million jobs. if we took the actions

towards china, that the president promised to take when he was a candidate and now mr. romney is promising to take, we could cut that deficit in half and get another 2 1/2 million jobs. trade with china, trade on energy, they're strangling the u.s. economy. they're smothering the recovery and president talks about adding more bureaucrats. melissa: you want to start a trade war in order to stimulate the economy. >> we're in a trade war already. china is manipulating its currency. it is subsidizing its exports. it has 25% tariff on our cars. we're in a trade war. the trouble they're using cannons and we're using bows and arrows. melissa: tamara, real quick final word. >> we need to go back to basics here. we know how to gross a successful economy. that means growing the middle class. job creators are workers that get up every day and toil for a living. those are the job creators. we've got to put them back to work. that will also help to solve the long-term deficit problem. melissa: guys, thanks for the debate. we appreciate both your time. have a great weekend. >> thank you. melissa: very disappointing

jobs report put yesterday's rally to a screeching halt. so what will be the next major market mover? let's turn to the founder and president of wealth management. you heard the debate. shaking your head through the whole thing. >> the jobs market is disappointing at best but the problem is is that we need to have some consistency and the greatest growth engine in this united states is small business. melissa: yeah. >> it is small business. so what we need to do is to empower the small businesses so that they will --. melissa: feel confident, expand, hire people. they have to feel like demand out there. >> exactly. melissa: it is all interconnect the. i don't think we'll solve the problem tonight. let's talk about the market. we saw a rally yesterday on the ba of easy money out of europe. today came to the halt because of a jobs report. was that it? the rally we saw yesterday? >> i think we have more growth. long term i'm on his tick for long term. short term you will have the

issues with the job market, with china, with the e! you. the -- e.u. next week. qe3 will happen and they're waiting to see, show me the money. melissa: you think there will do something next week? there is a big debate whether or not though wait until after the election. >> they move now it makes it look like we're in real trouble and the fed is take be action and maybe isn't a vote of confidence for the president? >> yeah, i think that if, with the jobs market, numbers come out today they definitely are going to probably, i don't have a crystal ball i think there will be qe3. we're addicted to it. the market slides a little bit. we need the infusion of capital. we're on $800 billion is our lives really better? melissa: no, without question but lives of stock traders are better. getting back to that, if they go ahead and with qe3 is that a positive for the market rest of the year. >> absolutely. melissa: how long? what would you do? would you invest in the market ahead of the

meeting?. >> we invest all the time. my clients are always fully invested in 44 different countries and over 11,000 different stocks n my opinion you can't be out of the market. melissa: okay. >> you can overweight in value stocks. you can overweight in some secular areas too. you have to be in the market. that's where you have long term wealth. protect, preserve and profit, melissa. melissa: kimberly, thank you so much. we have i can brooing news coming in on the nfl bounty scandal. go to dennis kneale who has more. >> four players suspended for as little as three games to one full year will be able to join back in the game this sunday after collective bargaining appeals panel of the nfl overturned and fines and suspensions that the nfl put against these guys in may. the panel did not overturn the fines against coaches involved but it did do it in the case of four players. three new orleans saints apparently including one guy suspend up to a full year. his last name is vilma.

as well as a guy with the cleveland browns. they overturned fines. cfo of nfl if he wants and go back in there and finds players intend to do harm and that's what they were paying cash bonus for, knocking a player out of the game and the ceo of nfl can overturn the appeals panel ruling and rereturn suspensions all over again. for now the four players are on the gridiron. back to you. melissa: dennis kneale. thank you so much for the update. the final sprint of the presidential race is underway. how will the gop use the jobs report to come in first? rnc chairman reince priebus joins me. that is coming up next. arctic ice is melting to lows never seen in global history. a global brawl of massive amounts of undersea oil and

gas heatings up, bubbling over. do you ever have too much money? no way. ♪ .

♪ . melissa: and we're off. today marks the first day of the final sprunt to the white house. just 60 days left until the election. before we all start running did either of the parties get a boost they needed from their conventions? with me rnc chairman reince priebus. i would ask you who won the whole convention thing but you know doesn't seem like a fair question. take a few shots at the president last night. what do you think about that speech? >> well i mean i think, i think he is hoping that everyone is going to find themselves in an alternative universe or some sort of fantasy land. reality though, melissa, no matter what the president has said, and he is good

speaker but really didn't talk about any plans for the future, any explanation of the past. any discussion of the stimulus plan that didn't work or the fact that people don't like obamacare. you never heard them actually espousing these things. all of that is over and this morning we got obviously the real report card on barack obama and that's the jobs update, the jobs numbers. melissa: yes. >> this is going to come down to the facts. and the facts are that the president hasn't delivered on his promises. melissa: definitely, huge problem, jobs and economy. what do you think each party has to do from here. what do you think republicans have to do from here? >> well, i think that the nice thing about our situation is just like going into a closing argument at trial. if the facts are on your side your life is a whole lot easier. so we just have the luxury of having the actual data and the facts to show and prove the case that barack obama didn't fulfill the mission of his presidency.

when you've got for everyone job added, you've got four people, almost four people, throwing their arms up in the air saying, this economy is so bad that i'm not looking for a job. melissa: people are looking at that really closely mitt romney would be further ahead in the polls. what do you think he has to do to pull ahead in the polls. >> i don't know about that, melissa. i think it is very tough beating incumbent president running for election. melissa: absolutely. >> if looking at country it is very difficult. we know our work is cut out for us. it will not be that easy. what the president will do is try to tell the american people that everything is fine and that this is going to take a long time and you need to reelect me and keep going in this direction. but the problem with that though is, that, we need to do a better job talking about this, the president ran in 2008 in a tough economy knowing that it was a tough economy, making the promises he made in a tough economy, and in large part he won because of the

situation that we were in in the economy. so you can't come back now four years later and say, well, hey, i didn't realize it was this bad. melissa: give mitt romney a to-do list. number one, go out and talk about what? >> i think he has got to talk about the fact that the president made promises and the president didn't keep his promises. i think he needs to stick to the issues of what the president promised, where we're at, and how we're going to have a plan moving forward to put this country back on the rails. that means small businesses, that means, getting our debt and deficits under control. so we have both a short term economic problem and also a long-term economic problem. i think he has the credibility with the american people, and what he is going to show in the next 60 days is that he has the ability and the kret -- credibility to be guy that can fix it. melissa: okay. >> set goals and meet goals and get the job done. melissa: we'll see because

we're off to the races. thanks so much for coming on. we appreciate your time. have a great weekend. >> thank you, melissa. melissa: new findings show the arctic ice cap shrinking to a historic low. it is sparking a global battle for you know sea treasure trove of oil and gas. will the u.s. be left on the sidelines? we have details coming up next. plus taking a page from the airlines may sound like a bad idea. but a new strategy to price reservations based on time has some of the country's most famous restaurants licking their chops. the entrepreneur behind it all joins us coming up. ♪ [ male announcer ] wouldn't it be nice if there was an easier,

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♪ . melissa: according to a recent study published the

journal, nature, 52 million years ago antarctica was a subtropical rainforest, not the frozen wasteland we know today. sound like ultimate proof that humans are not the cause of climate change. patrick moore is the cofounder of greenpeace. author of the book, confessions of a greenpeace dropout. patrick, thanks so much for joining me. >> nice to be hear, melissa. melissa: i read this on the arianna huffington post. that is where the article came to my attention. antarctica used to be a rainforest. immediately occurred to me humans were not around then. obviously humans are not ones that could cause climate change. how do you think about that. >> climate changed all through the ages long before humans were here, hundreds of millions of years. earth has been warmer than it is today through the history of modern life. canadian forests and whole of siberia and northern

canada, which is tundra and ice was also a forest back then it. wasn't long ago this present ice age which we're actually still in now began 2.5 million years ago. antarctica began to freeze over 20 million years ago. but the arctic didn't freeze over until 2 1/2 million years ago. then the great ice sheets came down an covered all of canada into new york state. melissa: basically saying the temperature is always changing, fluctuating up and down over time? has nothing to do with humans? >> it didn't have anything to do with humans obviously through hundreds of millions of years. it is always fluctuating. there have been green house ages when the temperature remained warmer for hundreds of emphasis millions of arrest years for a long time. this one we're in now is 2.5 million years old. there is no reason to believe the ice age will end after this interglacial period we're in now. there may well be another glicial period. melissa: we still get

wrapped up into the idea we're having impact on this. global warming has become a dirty word. there was recent study talking about greenland's ice cap, saying more ice has been melting there than any any other period than the past 33 years. you dispute this. >> 33 years is like nothing. so, they have only been studying the extent of arctic and antarctic ice last three years by satellite. before then we have no idea what it was. nobody mentioned antarctic ice is growing past 33 years while the arctic ice is shrinking. melissa: meanwhile though, i don't want to derail you, in greenland we're talking about now potentially more oil and gas reserves being freed up. and you know more passageways to go through. do you think we'll get in our own way going to get those resources? should we get them? should we leave them alone? what you do you think? there is war heating up between norway, russia, denmark vying to get control of the oil. what do you think?

>> i think there will be negotiations, 200 mile limit is already in place but much of the antarctic ocean is outside the 200 mile limit especially on the other side, russia's side. on canada's side all the islands go pretty close up to the north pole. most of that area could be claimed by canada because its islands are within 200 miles of each other but yes, going back to human cause, there is nothing to say that humans aren't having a small effect on the world's climate but it is ridiculous to imagine now all of the natural causes that have been causing the climate to change for millions of years suddenly disappeared and now we're the only agent of change in the world. that is not possible. it may be, and i believe it is true, that the amount of change we're causing has been exaggerated greatly by the alarmists and not only that. a little bit of warming might be a good thing for the world especially canada and russia which are waste lands in terms of biodiversity and human habitation. melissa: always such an interesting perspective. thanks for coming on. we appreciate your time.

>> thanks, melissa. melissa: turning restaurant reservations on their head. a new discount pricings system could shake up the entire restaurant industry. the entrepreneur behind this visionary idea is going to join us next. not piles of ice but piles of money coming up. ♪

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♪ . melissa: so it's hard enough as it is to get a great dinner reservation on a saturday night. how would you feel about paying more for it too? some restaurants are now charging different prices depending on the reservation time. but for any savvy diner there are always ways around it. one website offers restaurantgoers discounts and more than 1,000 of the country's best spots. the hitch? the amount you say depends on the time you go to dine. joining me saver cofounder. >> thanks for having me. melissa: this is really interesting. basically you get the same food but you will pay a different price for it because you're there at a different time. this is not, other than the early bird special if you're

living in florida, this is not what americans are used to. >> exactly. so they're used to it though in two different verticals, which is the airline industry and hotel space. if you think about it, 6:00 a.m. flight will be very different price than 8:00 a.m. flight. we're introducing that model to the restaurant industry. melissa: that has to be hard to do it mechanically. if you go into the restaurant they barely hand you the brunch menu, lunch menu, dinner. how do you do it. >> consumer makes a reservation. when they show up at the restaurant the restaurant already has their details. they know what discount to apply to the bill. at the end of the meal there is no coupon. they get certain percentage off entire bill. melissa: that will make people angry. sitting on the plane and the person next to you paid completely different price for what you did on same seat and same flight. arriving and leaving at the same time and paying totally different prices won't that make people mad? >> a great point. in the restaurant industry it is about the experience. that is the one of the

pitfalls model. ripping out a coupon, makes table next to them upset. our model is 100% discite. never mention of coupon. bill comes out, 20, 30, 40% discount automatically. melissa: do restaurants in new york real really want to do it? in new york it is not cool to get discount. famous place like 11 madison marking down meals, wow they must not be doing business. i'm not sure i want to go there anymore. >> exactly. there are significant number of restaurants find value in the model. we work at high restaurants in new york. daniel, capital grill. the reason these restaurants, they don't need us on the thursday, friday, saturday nights. but they always have tables that are just not going to turn on some of the slower nights. it is a very compelling value proposition. melissa: so the principle is not trying to get the most revenue out of everybody every time they sit down and sell them the most expensive wine. it costs same amount of

money to keep a restaurant empty or full and hiring you to keep the place full and delicate balance how to keep people in? >> exactly. restaurant patterns are different. capitol grill on wall street, friday, saturday night is their slow period. >> because of wall street crowd. >> exactly. a lot of restaurants have time for wait list at a table. they can use it to offer premium experience. melissa: pay it more. that sound like new york to me. pay more to be there at at time everyone else is. >> you pay more but also do something special. melissa: there you go. ben, thanks for coming on to check it out. >> thank you. melissa: here is our question of the day would you pay more for a restaurant reservation during peak hours? you want to be seen. you want to be out with all the cool people. tell me what you think. i want the same food for less money i'm not i had i can't think. follow me on twitter at

melissaafrancis. we all considered taking respring on an ex-. i haven't. didn't include a airline bomb threat. liquid explosives and a s.w.a.t. team. emergency landing from hell. we're not kidding. that is coming up next. you can never have too much money. ♪

♪ . melissa: so it's time for a little fun with spare change today. we're joined by personal finance expert vera gibbons and former federal prosecutor douglas burns. thanks to both of i for joining us. happy friday. spare change friday. first up a angry ex-girlfriend trigger ad us air bomb hoax when her new boyfriend called and said former boyfriend was on a dallas bound flight armed with liquid explosives. needless to say, s.w.a.t. team and bomb techs descended onto the flight to drag a stunned guy off the plane. wow! what would you even do. this is such a crazy story. obviously the new boyfriend got in so much trouble for doing this. he could face up to 10 years in jail. >> fine of $250,000. the case will continue next week. melissa: a fight over a woman. >> always comes down to love

and sex. melissa: there you go. is this the way to fight for your woman? >> ever see dumbest crimes. melissa: wins the award? >> think about federal airline laws, number one. in the aftermath of you know, all of the terrorism stuff, gee, i think it is really good idea and call in and talk about a bomb. melissa: she is probably feeling pretty good about herself. two guys fighting over here her. that is my take. ratings are in and drum roll please. it is honey boo-boo. that's right, honey boo-boo. there she is. reality show about a toddler beauty pageant tied, tied, cnn's coverage of the democratic national convention. in the coveted demo category of people age 18 to 49. people aged 18 to 49 were watching this. this. yes. shake your belly. that's what they were watching. time slot included bill clinton's speech. can you believe a show like this would be as well, oh, my gosh, that poor girl.

>> i can. melissa: you can? >> it shows americans --. melissa: trying to say it in incredulous way. >> this is what americans want to do, watch bad tv way they're fascinated with new jersey tanning mom. makes you question effectiveness of the conventions all together. melissa: yeah. that's true. >> like same old stuff. really like infomercials for the candidates. melissa: watch honey boo-boo. what do you think? do you watch honey boo-boo? >> i have never seen it. melissa: did you look at the segment? >> yes. melissa: i looked online. it is terrifying. >> it is reflection how good honey boo-boo is or how bad the democratic convention was. melissa: possibly. in fairness did really well against the rnc as well. >> i mean either convention. melissa: there you go. >> there you go. melissa: next one, talk about a fine? a family drills open a safety deposit box and finds 10 rare 1933 gold coins word $80 million.

the family brings the coins to the philadelphia mint for authentication but the government seizes them with zero compensation. the family sues but loses to the government do you think the family deserves some sort of payment? >> i think it's their property and not the government's, quite honestly. they should at least it's some sort of compensation. melissa: but there were circulating during the time when there were not supposed to be circulated. suppose to be turned back again. when i looked back, the government has a pretty good case. >> yes, they do. in 1933, then president roosevelt said these are not to circulate to the public. there were all melted down and put into gold bars. there was a small window where people were allowed to have them, and one was sold for $7 million privately. here apparently the claim is that the cashier stole them and that their relative.

>> not a laugh. >> the subject to forfeiture. melissa: and shorts. milliken is among the black market somewhere. >> you might not want to go to the government first. melissa: that was a bad idea. >> ticket to a pawnshop first. all right. europe is a financial bind, but this is hilarious. the hungarian prime minister looks to do everything short of defunding the imf and a video message on the prime minister's official facebook page. he said that hungary will not accept pension cuts and bank tax cuts in exchange for an estimated $19 billion imf loan. talk about rejection. first of all, what are those people doing on facebook? >> my take is it shouldn't happen on facebook.

a public forum. the kind of stuff you should be doing face-to-face. the day before they said there were working an agreement and everything was working in the right direction. they didn't like with the imf was doing. unlike the conditions. >> behind closed doors. >> the presidential election on facebook. [laughter] >> why not? melissa: i guess one not. i'm wondering if this is real. i feel like there's something more. some aid is on facebook doing something or some -- i can't believe that real, serious people live there. >> we discussed this before we came out. major international monetary decisions on facebook. melissa: all right. thanks to both of you. >> thank you. melissa: the final stretch of the 2012 campaign is underway. fox business says president obama hopes it the election does not consent and the gas. >> coming up on the fourth

anniversary of the milk down on wall street. the mccain obama race was fairly close until the financial of cricket. here we are four years later. europe is hanging onto its euros system but a small thread. the question i hear more and more from financial gurus is coming in europe keep it together until our elections in november? our elections. you don't hear the political types talking about it. maybe it's too wonky. the connection to our economy seems to difficult to explain on a bumper sticker slogan, but if europe and the euros system starts falling apart, it just may shake or banks and our stock markets again. create another edition of the moment. we have heard from the romney and obama camps, but nothing about what we should do with european banks and countries that have a serious financial meltdown. at the very least to my hope it comes up in the debates. melissa: and be sur